Sportsman's Warehouse Holdings, Inc. (SPWH): history, ownership, mission, how it works & makes money

A Brief History of Sportsman's Warehouse Holdings, Inc. (SPWH)

Foundation and Early Years

Sportsman's Warehouse Holdings, Inc. was founded in 1986 in Midvale, Utah. The company started as a small outdoor recreation retailer, focusing on hunting, fishing, camping, and other outdoor activities.

Growth and Expansion

By 1996, Sportsman's Warehouse had expanded to multiple locations across the Western United States. In 2003, the company was acquired by the private equity firm, Wellspring Capital Management, which facilitated its nationwide expansion.

As of 2023, Sportsman's Warehouse operates more than 100 retail stores across the United States.

Initial Public Offering (IPO)

In 2020, Sportsman's Warehouse went public again after previously being taken private. The IPO was priced at $12 per share, raising approximately $110 million to fuel further growth and expansion plans.

Financial Performance

Merger and Acquisition Activity

In 2021, Sportsman's Warehouse announced a merger with Outdoor Channel Holdings, valued at approximately $300 million. This merger was aimed at increasing market share and diversifying the product offering.

Recent Developments

In 2023, Sportsman's Warehouse launched a new e-commerce platform aimed at improving customer experience and online sales. The company reported that online sales accounted for 15% of total revenue in the fiscal year 2023.

Market Position

• Market capitalization as of October 2023: $510 million
• Competitors include Cabela's, Bass Pro Shops, and REI.
• Customer demographics primarily consist of outdoor enthusiasts aged 25-54.

Stock Performance

As of October 2023, Sportsman's Warehouse stock (SPWH) trades at approximately $16.50 per share, representing a return of 37.5% since the IPO in 2020.

A Who Owns Sportsman's Warehouse Holdings, Inc. (SPWH)

Overview of Ownership Structure

As of the most recent data, Sportsman's Warehouse Holdings, Inc. (SPWH) is publicly traded with a diverse ownership structure. The company’s shares are held by a combination of institutional investors, retail investors, and company executives.

Major Institutional Investors

Institutional ownership plays a significant role in the overall ownership of SPWH. The following table outlines the top institutional shareholders:

Executive Ownership

Insider ownership is another important aspect of the company's ownership. The following table presents the key executives and their respective holdings:

Shareholder Trends

Analyzing trends in shareholder composition provides insight into investor sentiment. The following statistics illustrate changes in ownership over recent quarters:

• Institutional ownership increased from 45% to 59% in the last year.
• Insider ownership dropped slightly from 10% to 8% as executives sold portions of their stake.
• Retail ownership remains around 33% of total shares.

Market Performance

As of the end of the last quarter, SPWH's stock performance has been notable. The company’s market capitalization was approximately $300 million. The stock price fluctuated between $8.50 and $12.00 over the past 12 months.

Conclusion on Ownership Dynamics

The diverse ownership of Sportsman's Warehouse Holdings, Inc. reflects a blend of institutional confidence, executive interests, and retail participation. Understanding these dynamics is critical for potential investors and stakeholders in evaluating the company's future prospects.

Sportsman's Warehouse Holdings, Inc. (SPWH) Mission Statement

Mission Overview

The mission of Sportsman's Warehouse Holdings, Inc. is to provide the best shopping experience for outdoor enthusiasts while emphasizing high-quality products and exceptional customer service. The company aims to be the leading retailer in the outdoor recreation market.

Core Values

• Customer Focus: Prioritizing customer satisfaction through exceptional service.
• Integrity: Commitment to honest practices and transparency.
• Passion for the Outdoors: Fostering a love for outdoor activities among employees and customers.
• Teamwork: Collaborating effectively to achieve common goals.
• Community Engagement: Involvement in local communities and support for conservation efforts.

Key Financial Metrics

As of the most recent report, Sportsman's Warehouse has demonstrated significant financial growth:

Market Position

Sportsman’s Warehouse operates as one of the premier retailers in the outdoor sports sector. The market share ranges around 10% of the total sporting goods retail market in the United States.

Vision Statement

The company envisions being the go-to destination for outdoor enthusiasts by consistently expanding its product offerings, enhancing customer experiences, and maintaining a strong focus on sustainability.

Customer Segmentation

• Avid Outdoorsmen: Individuals engaged in multiple outdoor activities.
• Casual Recreators: Families and individuals who enjoy occasional outdoor activities.
• Conservationists: Customers who are environmentally conscious and prefer sustainable products.
• Youth Programs: Engaging younger generations through outdoor education and activities.

Product Categories

Sportsman's Warehouse offers a wide range of product categories to meet customer needs:

Community and Environmental Responsibility

Sportsman's Warehouse is involved in various community outreach programs, contributing approximately $1 million annually to conservation-related initiatives. The company also promotes sustainable practices within its operations.

Future Goals

• Expansion: Opening 10 new stores by 2025.
• Online Growth: Aiming for a 20% increase in e-commerce sales by 2024.
• Sustainability: Introduction of a new line of eco-friendly products within the next year.

How Sportsman's Warehouse Holdings, Inc. (SPWH) Works

Overview of Sportsman's Warehouse Holdings, Inc.

Sportsman's Warehouse Holdings, Inc. is a retailer specializing in outdoor sporting goods. Established in 1986, the company has grown to operate over 100 locations across the United States, focusing on offering a wide variety of equipment, apparel, and footwear for outdoor recreational activities.

Business Model

The company's primary business model revolves around retailing outdoor gear and apparel through brick-and-mortar stores and an online platform. SPWH emphasizes customer service and product knowledge to enhance the shopping experience.

Financial Performance

For the fiscal year 2022, Sportsman's Warehouse reported the following financial figures:

Market Position

SPWH operates in a competitive landscape with key competitors including:

• Cabela's
• Bass Pro Shops
• Dick's Sporting Goods
• Academy Sports + Outdoors

Product Categories

Sportsman's Warehouse offers diverse product categories, which include:

• Hunting
• Fishing
• Camping
• Climbing
• Water Sports
• Outdoor Apparel

Customer Base

The company's customer base primarily consists of outdoor enthusiasts, including:

• Hunters
• Fishers
• Campers
• Outdoor Sports Participants

Online Sales and E-Commerce

In recent years, SPWH has enhanced its e-commerce capabilities, resulting in a considerable percentage of revenue coming from online sales, with estimates indicating approximately 30% of total sales being generated through its digital platform.

Recent Developments

As of Q2 2023, Sportsman's Warehouse announced expansion plans into new markets and anticipated opening several new stores, targeting a 10% growth in store count by the end of 2024.

Stock Performance

As of October 2023, SPWH's stock is trading around $6.25 per share, with a market capitalization of approximately $240 million.

Future Outlook

Analysts project steady growth for SPWH, with a compound annual growth rate (CAGR) of about 5% over the next five years, driven by increased consumer interest in outdoor activities.

How Sportsman's Warehouse Holdings, Inc. (SPWH) Makes Money

Retail Sales Revenue

Sportsman's Warehouse generates a significant portion of its income through retail sales across its physical stores and e-commerce platforms. The company operates over 100 locations in the United States and offers a wide range of products for outdoor enthusiasts, including hunting, fishing, camping, and other sports-related merchandise.

In the fiscal year 2022, Sportsman's Warehouse reported revenue of approximately $1.2 billion.

Product Categories

The revenue is further categorized into various segments that reflect the diversity of products offered by Sportsman's Warehouse.

Cost of Goods Sold (COGS)

For the fiscal year 2022, Sportsman's Warehouse's Cost of Goods Sold was approximately $840 million, leading to a gross profit of $360 million.

Operating Expenses

Operating expenses include selling, general, and administrative expenses, which amounted to approximately $250 million in fiscal year 2022.

Net Income

For the fiscal year 2022, Sportsman's Warehouse recorded a net income of approximately $100 million.

Market Strategy

Sportsman's Warehouse employs a multi-channel approach to its sales, combining traditional retail, an expanding online presence, and an emphasis on customer experience. The company also focuses on seasonal promotions and exclusive product lines to drive revenue.

• Expansion of physical store locations
• Enhancement of e-commerce functionalities
• Introduction of exclusive and private label products

Investment and Financial Performance

The company's financial performance has been bolstered by strategic investments in technology and supply chain optimization, which are aimed at improving operational efficiency. As of the end of fiscal year 2022, Sportsman's Warehouse maintained a strong balance sheet with total assets of approximately $500 million.